tim cook 1 billion fund

Tim Cook Announces $1 billion Fund to Boost Manufacturing Jobs for Americans

04 May 2017, USA:

Apple CEO Tim Cook has announced a massive $1 billion fund to help create advanced manufacturing jobs in the U.S.

“We’re announcing it today. So you’re the first person I’m telling,” Cook told “Mad Money” host Jim Cramer on Wednesday. “Well, not the first person because we’ve talked to a company that we’re going to invest in already,” he said, adding that Apple will announce the first investment later in May.

“We can be a ripple in the pond,” said Cook, whose announcement has largely been seen as an effort to placate President Donald Trump and his promise to the American people to bring jobs back home. “If we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them,” said Cook.

As per the report by Silicon Angle, In 2016 during a speech at Liberty University in Virginia, Trump had said that if he were to become President one of his mandates would be to force hardware companies to start making their products in the U.S. One of those companies was Apple. “We’re going to get Apple to build their damn computers and things in this country instead of in other countries,” Trump vowed.

Tim Cook-led Apple has already created two million jobs in the United States as per its website. (Photo by Justin Sullivan/Getty Images)

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